As of December 31, 2024, the Company had the following natural gas basis swap positions open:
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Gulfport Pays |
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Gulfport Receives |
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Daily Volume |
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Weighted Average Fixed Spread |
| Natural Gas |
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(MMBtu/d) |
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($/MMBtu) |
| 2025 |
Rex Zone 3 |
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NYMEX Plus Fixed Spread |
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110,000 |
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$ |
(0.20) |
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| 2025 |
NGPL TXOK |
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NYMEX Plus Fixed Spread |
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40,000 |
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$ |
(0.29) |
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| 2025 |
TETCO M2 |
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NYMEX Plus Fixed Spread |
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230,000 |
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$ |
(0.96) |
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| 2025 |
Transco Station 85 |
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NYMEX Plus Fixed Spread |
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5,000 |
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$ |
0.38 |
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| 2025 |
TGP 500 |
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NYMEX Plus Fixed Spread |
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10,000 |
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$ |
0.31 |
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| 2026 |
Rex Zone 3 |
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NYMEX Plus Fixed Spread |
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40,000 |
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$ |
(0.19) |
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| 2026 |
NGPL TXOK |
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NYMEX Plus Fixed Spread |
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30,000 |
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$ |
(0.30) |
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| 2026 |
TETCO M2 |
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NYMEX Plus Fixed Spread |
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130,000 |
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$ |
(0.98) |
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| 2026 |
Transco Station 85 |
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NYMEX Plus Fixed Spread |
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5,000 |
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$ |
0.52 |
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| 2026 |
TGP 500 |
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NYMEX Plus Fixed Spread |
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10,000 |
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$ |
0.54 |
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Subsequent to December 31, 2024 and as of February 20, 2025, the Company entered into the following derivative contracts:
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| Period |
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Type of Derivative Instrument |
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Index |
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Daily Volume |
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Weighted
Average Price |
Natural Gas |
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(MMBtu/d) |
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($/MMBtu) |
2025 |
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Swaps |
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NYMEX Henry Hub |
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18,301 |
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$3.85 |
2026 |
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Basis Swaps |
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Rex Zone 3 |
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40,000 |
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$(0.17) |
Oil |
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(Bbl/d) |
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($/Bbl) |
2025 |
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Swaps |
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NYMEX WTI |
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1,000 |
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$70.87 |
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